What Is Ravelin Finance(RAV)?
Ravelin Finance is the first algorithmic stable token pegged to the price of Cardano via Seigniorage. Ravelin uses EVM compatible contracts thanks to the technology offered by Milkomeda, a side chain to Cardano. The main mission of the protocol is to mobilize Cardano holders by increasing the number of users and triggering growth on Milkomeda so that anyone involved in the ecosystem can find new opportunities with the use of a mirrored asset, Ravelin.
Ravelin Finance Coin is the first algorithmic stable token pegged to Cardano on Milkomeda side chain. The protocol aims to offer the security of battle-tested algorithmic stable token protocols for Cardano users and bring ADA a new utility on Milkomeda side chain.
Ravelin Finance Storage Key Points
| Coin Basic | Information |
|---|---|
| Coin Name | Ravelin Finance |
| Short Name | RAV |
| Circulating Supply | 159,162.00 RAV |
| Max Supply | 100,000,000 |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To View Explorers |
| Twitter Page | Click Here To Visit Twitter Group |
| Whitepaper | Click Here To View |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
RAV Price Live Data
The live Ravelin Finance price today is $0.537117 USD with a 24-hour trading volume of $4,557.29 USD. They update our RAV to USD price in real-time. This is down 3.69% in the last 24 hours. The current CoinMarketCap ranking is #5701, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.
If you would like to know where to buy Ravelin Finance Coin at the current rate, the top cryptocurrency exchange for trading in Ravelin Finance stock is currently MilkySwap. You can find others listed on the crypto exchanges page.
Mission
The mission of Ravelin is to trigger the growth in Milkomeda utilizing Cardano holders and attract more protocols in to this baby chain with 67m TVL as of April 23, 2022. As you can guess, any growth will bring value to Cardano holders as well as users involved in our ecosystem.
Market Opportunity for Ravelin
Cardano is among the biggest coins; however, it has such a low ratio of staked tokens “in Dapps” due to a lack of protocols. Now, before I go any further, I must make it clear that ADA staking ratio is low or looks low because ADA is actually staked by delegation and does not leave users’ wallets. So my claim here is not about the ratio of ADA staked by delegation, which actually has a decent ratio (appx 75% as of April, 2022). However, staking by delegation (appx. 5% APR) is not attractive enough for everyone, and it still does not lock enough ADA to create buy pressure.
In other words, there are still many ADA holders who simply keep their tokens in their wallets or on exchanges; and when these users cannot make desired profits, they are likely to create a sell pressure. If Ravelin can offer a safe protocol with better APR, it can trigger a new wave of protocols to appear on Milkomeda and exponentially increase the TVL of ADA, which would translate to a higher ADA price.
Future of Ravelin
They are aware that Ravelin cannot simply depend on the flow of new users into the protocol to sustain the peg. The mission of Ravelin Finance Coin is to become the spearhead of growth on Milkomeda and integrate with other projects who are attracted by our community. Being an algorithmic asset pegged to ADA, Ravelin tokens can be used for launchpads, liquidity mining without impermanent loss, lending & borrowing and more. Each new use for Ravelin would bring more value to investors by increasing the buy pressure. The first step taken in this regard is the Ravelin pool on OccamX, which can be considered as an external utility. The pool on Occam has almost 8k APR as of May, 6
Tokens
RAV token is designed to be used as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain RAV’s peg to 1 milkADA token in the long run.
Ravelin Shares (RSHARE) are one of the ways to measure the value of the RAV Protocol and shareholder trust in its ability to maintain RAV close to peg. During epoch expansions the protocol mints RAV and distributes it proportionally to all RSHARE holders who have staked their tokens in the Boardroom.
RSHARE holders have voting rights (governance) on proposals to improve the protocol and future use cases within the Ravelin Finance ecosystem. RSHARE has a maximum total supply of 111,001 tokens distributed as follows:
RAV/mADA: 55,000
RSHARE/mADA: 45,000
DAO: 6,000
DEV Funds: 5,000
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